Shiprocket achieves full-year positive cash EBITDA, FY25 revenue grows 24%

E-commerce shipping and logistics aggregator Shiprocket has registered a full-year positive cash EBITDA (EBITDA) and robust topline growth for the financial year ended March 31, 2025 (FY25).

The company’s revenue rose to ₹1,632 crore in FY25, up 24% year-on-year (YoY) from ₹1,316 crore in the previous financial year. The revenue from core businesses, which include domestic shipping platforms and value-added tech offerings, gained 20% YoY to ₹1,306 crore in FY25.

Shiprocket’s EBITDA margin from core businesses expanded by nearly 12%. In FY25, the company’s positive adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at ₹7 crore, as opposed to a massive cash burn of ₹128 crore in FY24.

The company’s core business cash EBITDA increased more than two times year-on-year to ₹157 crore in the period under review, while its emerging business achieved a 25% improvement in Cash EBITDA, driving sustainable and profitable growth, the company said in an official release.

The revenue from Shiprocket’s emerging businesses grew by a healthy 41% YoY in FY25, led by the rapid adoption of cross-border platform, marketing, as well as omnichannel offerings. The said business’ contribution climbed to 20% of the company’s overall revenue, rising from a mere 11% two years back.

The company’s net loss declined to ₹74 crore in FY25 from ₹595 crore in FY24, with current losses largely attributable to ESOP expenses of ₹91 crore.

Its total expenses largely remained flat compared to FY24, demonstrating disciplined cost management during scale-up.

“FY 2025 marks a pivotal milestone in our financial journey as we achieved a full year of positive EBITDA alongside sustained revenue growth. This reflects the strength of our core platform, which has growing profitability, strong operating leverage, expanding profitability across segments, and disciplined reinvestment in emerging businesses,” said Tanmay Kumar, the Chief Financial Officer (CFO) of Shiprocket.

The company’s FY25 performance enables it to invest in product development and scale its emerging technology stack, Shiprocket said in a statement outlining its focus areas.

“FY25 represents a shift in Shiprocket's evolution as the company transitions into its next phase as a sustainably profitable, product-led organisation. The consistent profitability provides Shiprocket with the financial foundation to invest in product development, scale its emerging technology stack, and deliver long-term value to merchants, employees and stakeholders,” the company said.Read about our editorial guidelines and ethics policy